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201403203
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201403203
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Last modified
10/29/2014 3:33:13 PM
Creation date
5/30/2014 4:49:57 PM
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DEEDS
Inst Number
201403203
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(3) <br />20/403203 <br />subparagraph (3) in the order there stated. <br />After paying the items specified in subparagraph (2) if the sale is by <br />Trustee or the proper court, and other costs of foreclosure and sale if <br />sale is pursuant to judicial foreclosure, the proceeds of sale shall be <br />applied in the order stated to the payment of: <br />(a) Cost of any evidence of title procured in connection with any <br />conveyance. <br />(b) All sums then secured hereby. <br />(c) The remainder, if any, to the person or persons legally entitled <br />thereto. <br />(4) At any time within three months after a sale of property under this <br />Deed of Trust as hereinabove provided, an action may be <br />commenced to recover any balance due upon the obligation as <br />provided in Section 76 -1013 of the Nebraska Statutes. <br />D. Option to Foreclose: Upon the occurrence of any default hereunder, <br />Beneficiary shall have the option to foreclose this Deed of Trust in the <br />manner provided by law for the foreclosure of mortgages on real property. <br />E. Substitute Trustee: Beneficiary may from time to time substitute a <br />successor or successors to any Trustee named herein or acting hereunder. <br />Upon such appointment and without conveyance to the successor Trustee, <br />the latter shall be vested with all title, powers and duties conferred upon any <br />Trustee herein named or acting hereunder. Each such appointment and <br />substitution shall be made by written instrument and executed by <br />Beneficiary containing reference to this Deed of Trust and its place of <br />record, which, when recorded in the office of the Register of Deeds of the <br />county or counties in which said property is situated, shall be conclusive <br />proof of the proper appointment of the successor Trustee. The foregoing <br />power of substitution and the procedure thereof shall not be exclusive of the <br />power and procedure provided for by law for the substitution of a Trustee in <br />place of the Trustee named herein. <br />F. Assignability and Acceleration: Trustor covenants and agrees that the <br />Beneficiary shall have the option of declaring the unpaid balance <br />immediately due and payable upon any conveyance, assignment or transfer <br />of Trustor's interest in the premises during the term of the loan secured <br />hereby in the absence of written consent from the Beneficiary or its <br />assignees, which consent shall not be unreasonably withheld. If said sum <br />remains unpaid for fifteen (15) days after a nonconsential conveyance, <br />assignment or transfer occurs, Beneficiary can cause Notice of Default to be <br />given and the premises will be sold as provided herein. <br />
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